Appearing on Digi24 on April 17, Eugenia Gusilov explained the origins of recent pump price increases. The hikes did not stem from supply shortages or crude production deficits, as output remained stable.
Instead, prices surpassing 90 dollars per barrel on April 5 strictly reflected Middle East geopolitical tensions, particularly the Israel-Iran confrontation. This artificial price increase proved temporary; once markets observed no major damage, prices corrected below 90 dollars per barrel.
Future price surprises may arise from increased summer fuel demand. Yet, consumers will likely benefit from the US electoral context, as maintaining stable fuel prices remains a key priority for the current administration.